“Can the legacy T&E leader evolve into the connective tissue between corporate spend data and embedded financial services without becoming a fintech itself?”
Concur was an independent expense-management pioneer acquired by SAP in 2014 for $8.3B, becoming SAP's spend-management line. It has since expanded from expense reports into integrated travel, invoice, and cross-border payments via partners like TransferMate, Convera, and Conferma. SAP Concur is increasingly positioned as a finance-data hub rather than an embedded-finance principal — it orchestrates payments and supplier financing through third parties rather than holding licenses itself.
SAP Concur processes payments through Conferma (virtual card payments).
SAP Concur's lending and capital products are provided by SAP Supplier Financing (SAP Business Network).
SAP Concur uses Convera and TransferMate for FX and cross-border payouts.
SAP Concur integrates with QuickBooks Online, Sage Intacct, Xero, SAP S/4HANA, SAP ECC and NetSuite (via Financial Integration Service).
The Embedded Finance Index 2026 maps 6 layers in SAP Concur's stack: Payments / PSP (Conferma (virtual card payments)); Lending (SAP Supplier Financing (SAP Business Network), SAP Supplier Financing and Concur Expense Cash Advance (employee advances, not lending)); FX & payouts (Convera and TransferMate); Accounting (QuickBooks Online, Sage Intacct, Xero, SAP S/4HANA and 2 others); Spend / AP (SAP Concur (self-operated)); Tax (SAP Concur Global Tax (in-house VAT/tax management)).
SAP Concur is founded in 1993 and headquartered in Bellevue, Washington, USA.
Get a read on where your own stack stands against SAP Concur and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.